Total Transparency for Directors
July 2007
Governance, risk and compliance solution provider - GRC Solutions Limited uses Xero to practice what they promote, giving their directors and executives anywhere, anytime access to the company's accounts, says CEO Colin Campbell.
As an internationally recognised organisation in the business of transparency, clarity and accountability of corporate management it was imperative he find a 'best-in-class' solution to meet his own governance challenges. Xero has more than filled the bill.
GRC Solutions, whose clients include Auckland International Airport Limited, Telecom New Zealand and Transpower, has Board members throughout New Zealand and Australia.
"Keeping part-time and distant directors up to speed with the company's performance is a classic governance issue," says Colin. "Because Xero is online our Board can log-on wherever they are and whenever they wish."
When that accessibility is coupled with state-of-the-art functionality such as automated in-putting data and streamlined reporting, Colin and his Board are more than pleased with their decision.
"Xero enables me to generate a comprehensive management report in one click," says Colin. "I can present information in fully optimized Excel sheets or custom-design and formatted PDFs. Xero provides instant, totally secure and transparent accountability. The Board and I really appreciate it."
But does having his company's vital information on the internet make him nervous?
"Not at all," says Colin. "Xero's security is top-notch. It's the equivalent technology behind online banking. In using Xero we've solved our communication challenge, saved time and been given peace of mind."
